Spartan Delta (TSE:SDE) Stock Price Expected to Rise, National Bankshares Analyst Says

Spartan Delta (TSE:SDE) had its target price increased by analysts at National Bankshares from C$5.75 to C$6.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 91.69% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Cormark upgraded shares of Spartan Delta to a “strong-buy” rating in a research note on Monday, September 23rd. BMO Capital Markets cut their target price on Spartan Delta from C$6.00 to C$5.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$5.56.

Spartan Delta Price Performance

SDE stock opened at C$3.13 on Thursday. The stock has a 50-day moving average price of C$3.39 and a two-hundred day moving average price of C$3.76. The company has a market cap of C$542.12 million, a PE ratio of 3.77 and a beta of 1.49. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 30.43. Spartan Delta has a 12-month low of C$2.78 and a 12-month high of C$4.36.

Spartan Delta (TSE:SDE) last issued its earnings results on Tuesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$60.55 million during the quarter. Spartan Delta had a return on equity of 37.82% and a net margin of 50.10%. As a group, research analysts predict that Spartan Delta will post 0.305004 EPS for the current year.

Spartan Delta Company Profile

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.